Tag Archives: Truss

Pensions are the poorer for Putin and Truss

Posted on January 5, 2023 by henry tapper

“From February’s Russian invasion of Ukraine to the gilt market meltdown in October, 2022 pension schemes find themselves in a much healthier position than at the start of the year”. So here’s to economic incompetence and state sponsored terror https://t.co/qtQTHDerbI … Continue reading →

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The fall-out from LDI will dominate DB pensions in 2023

Posted on December 30, 2022 by henry tapper

  The FT has published a piece this morning suggesting a “blame game” between consultants and the providers of LDI solutions. Was it the providers or the advice given by investment consultants  on implementation and management of leveraged LDI strategies … Continue reading →

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Will Truss Evolve or Revolve?

Posted on October 5, 2022 by henry tapper

I spoke with a former Treasury mandarin during the recent PM selection period who had worked under Truss and Sunak. She said the difference was “chalk and cheese” with Sunak a diligent minister who paid attention to detail while Truss … Continue reading →

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The cost today of these reckless budget promises

Posted on September 26, 2022 by henry tapper

    “It looks like we’re headed for a spiral that we usually see in emerging markets crises, where policymakers struggle to reassert credibility,”  Mansoor Mohi-uddin, chief economist at Bank of Singapore. Currency markets are now toying with the idea … Continue reading →

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Pension politics are back – will they be noisy?

Posted on September 20, 2022 by henry tapper

  It is two-and-a-half months – 76 days – since Boris Johnson said he was resigning as prime minister, draining his already crippled government of its remaining authority. And then, a little over 48 hours after Liz Truss became prime … Continue reading →

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Squeaky-bum time at the DWP

Posted on September 8, 2022 by henry tapper

We should hear within the next few days the team on ministers and junior ministers that will support Chloe Smith, the new Secretary of State for Work and Pensions. Will Guy Opperman be reappointed to his post as Minister for … Continue reading →

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Are comforting lies – crushing unpleasant truths? (Truss v Sunak)

Posted on July 30, 2022 by henry tapper

These are the latest odds for our next Prime Minister, the return for Sunak to a £1 stake is 900p for Truss it is 11p. My simple maths tells me the market reckons Truss 80 times more likely to win. … Continue reading →

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Liz Truss – shorter than Baaeed.

Posted on July 28, 2022 by henry tapper

Baaeed is the top-rated thoroughbred racehorse in the world. Yesterday he trounced his rivals in Goodwood’s Sussex Stakes at a price of 1-6, delivering just 17p profit to a one pound stake.   This morning , Liz Truss is priced … Continue reading →

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Truss now nine times as likely to win as Sunak

Posted on July 26, 2022 by henry tapper

  Liz Truss if three to one on and Rishi Sunak three to one against to be our next Prime Minister, that means you’ll get over £4 for a one pound stake if Rishi wins and only £1.31 if Liz … Continue reading →

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Truss moves to the front for the first time

Posted on July 20, 2022 by henry tapper

With the timing of Jake Wightman, Liz Truss has for the first time moved into a commanding lead in Betfair’s book. She is currently even money to win the election to be prime minister, her rival for the right wing … Continue reading →

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